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(Estimated time: 5 minutes) CafeSi Inc. (publicly traded firm) plans to pay a dividend of $10 next year. CafeSi follows a dividend policy that raises

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(Estimated time: 5 minutes) CafeSi Inc. (publicly traded firm) plans to pay a dividend of $10 next year. CafeSi follows a dividend policy that raises dividends annually at a rate of 1% (and expects this rate to go forever). The required rate of return is 9%. You plan to compute the price at the end of year 2 using the constant growth dividend model (Gordon model). What is the amount of dividend to use if you want to compute the stock price at the end of year 2? For your answer, round to 2 decimals and do not use the \$.Do not use commas to separate thousands. For example, if your result is $103.679 then enter 103.68 ; if your result is $10 then enter 10.00 ; if your result is $8.4 then enter 8.40

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